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Workers on United Kingdom payrolls falls in May, vacancies plunge

Economists polled by Reuters had mostly expected a rise in the unemployment rate to 4.7%. Many companies have already announced permanent layoffs of workers. ...

Fed will start buying corporate bonds now

The central bank also sought feedback on Monday on a proposal to expand the program to allow nonprofit organizations to borrow under the program as well. The ...

Bank of Japan keeps policy steady, eyes recovery from pandemic

After the Japanese economy slipped into a recession earlier this year, the BOJ injected cash into its banking sector and imposed a stiff ceiling on interest rat...

United States stocks end higher in choppy trading

However, market gains were capped as continued worries about the economy amid emerging second wave of the epidemic. Trillions of dollars in fiscal and monetar...

Kudlow: Extra $600 in unemployment a 'disincentive' to return to work

White House National Economic Council Director Larry Kudlow told " America's Newsroom " on Monday that he thinks "the economy is going to rocket higher and ...

Small businesses worry workers could abuse CERB, recommend changes

The federal government is looking for a solution to extend the Canadian Emergency Response Benefit (CERB) payments for those who can not find work by the end of...

Amazon business practices reviewed in two U.S. states

The reports said California state is reviewing Amazon's practices on selling its own products in competition with third-party vendors. In response to that rep...

Fed's Kaplan: US economy to have significant, historic contraction in Q2

Kaplan said he agreed with his counterpart at the Atlanta Federal Reserve Bank, Raphael Bostic - the Fed's only African-American policymaker - who on Friday iss...

AstraZeneca deal to supply European Union with 300 million COVID-19 vaccine doses

De Jonge said that the risks attached to making such an investment, before the vaccine had been proved to work, were not outweighed by the social importance and...

United Kingdom formally rejects Brexit transition extension

But the government said it would not extend the transition period that began when Britain left the bloc in January. While that in itself is good news for Bre...

BP takes $17.5B hit as pandemic accelerates emissions cuts

BP said the actions would mean impairment charges and write-offs in the second quarter of between $13 billion to $17.5 billion after tax. The coronavirus pand...

Brent Crude Oil correction to find support at $35 - OCBC

Oil prices fell on Friday, extending heavy overnight losses as a surge in U.S. coronavirus cases this week raised the prospect of a second wave of the Covid...

Coronavirus vaccine: Europe's Inclusive Vaccines Alliance strikes giant agreement with AstraZeneca

Four EU countries struck a deal with pharma giant AstraZeneca for the supply of at least 300 million doses of a COVID-19 vaccine that is now being tested by the...

Bridgeport SkyTrain station closed due to police incident

The Metro Vancouver Transit Police say an explosives disposal unit was called to the scene, and seized what is believed to be a grenade. "Our officers attende...

22nd COVID-19 case confirmed in Bureau County

The probable victims and patients were never tested. "This is particularly true in our population of 70 and older", Fannin County Health Authority Dr. The state...

Model 3 to Receive Wireless Charging Pad, USB-C Ports

Tesla's USA -built Model 3 sedan is expected to receive the upgraded, which is already standard on China-built Model 3s and the new Model Y . Mashable reached ...

Coronavirus: Streak continues with no new Covid-19 cases for 23 days

The two new cases reported Saturday include a girl between age 10 and 19, and a woman in her 80s, the health department reported. "We continue to encourage as...

American Express lands green light in China

The company, which won initial approval two years ago, is set to start the clearing services within six months, according to the statement. Despite rising U.S...

Primark plans to reopen all 153 stores in England on June 15

ABF has already reopened 112 sites across mainland Europe. "The easing of Primark's restrictions with trade returning at quite satisfactory initial levels,...

UK Government Carrying Out 'Comprehensive Review' Of Two-Metre Rule

The announcement comes after calls have been made for the two-metre rule to be reduced. British Airways, EasyJet, and Ryanair - the UK's three biggest carrier...

BP asked to cut production in Iraq

A cluster of infections in Beijing has increased concern of a resurgence of the disease. The oil benchmarks fell about 8% last week, their first weekly declin...

Just Eat Takeaway's $6 Billion Grubhub Grab Tests Growth Limits

The deal sidelines Uber Technologies Inc., which had been in acquisition talks with Grubhub for months. "The Just Eat Takeaway deal is an upgrade to the...

Band-Aid announces new bandages 'that embrace the beauty of diverse skin'

Coffeehouse-chain Starbucks is supplying employees with customized Black Lives Matter T-shirts after initially barring the logo on attire worn during work hou...

Four EU countries sign deal with pharma giant for Covid-19 vaccine

Another round of testing with 10,000 volunteers began last month. The AZD1222 vaccine was developed by Oxford University's Jenner Institute, working with th...

Zara to close 1200 stores around the world

This will take the total store count around 6,700-6900 from the current 7412. However the company does not go into a specific country breakdown, except for it...

Apple pledges $100 million to foster racial equity and justice

Other moves will include programs to foster black application developers and new initiatives to increase diversity and inclusion within Apple, Cook said. Jack...

Petrol, diesel prices increase for eighth day in a row

For the eighth consecutive day, the prices of petrol and diesel have been hiked by 62 paise/litre and 64 paise/litre, respectively. Rates have been increased ...

Microsoft holds off sales to police of face scanning tech

The president retweeted Richard Grenell , the former acting director of national intelligence, who criticized Microsoft's announcement that they would not sell...

AstraZeneca agrees to make COVID-19 vaccine for Europe

Oxford University is now doing phase two and phase three trials of the vaccine in about 10,000 adult volunteers. As laboratories scramble to find a COVID-19 i...

PM Modi reviews COVID-19 situation, India's response

Officially, there have been almost 8,500 coronavirus deaths, although the true number is widely believed to far higher. The sudden interaction with chief mi...